New Krispy Kreme CEO
To Be Paid $760 an Hour

Krispy Kreme Doughnuts Inc. is paying $760 an hour to its new chief executive, Stephen F. Cooper, the company said in a regulatory filing late Monday.

Mr. Cooper, a restructuring expert, was named chief executive of the struggling doughnut retailer last week, replacing Scott Livengood. Mr. Cooper's firm, Kroll Zolfo Cooper LLC, which also was retained by Krispy Kreme, will be paid an additional "success fee" to be negotiated...